Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-07-09
THE WEEKLY REVIEW.
z. @ DUN & co.'s REPORT OF TRADE FOR
THB PAST WEEK.
Prospects For Active Business in July-Brillian
Outlook For the Iron lndusty-A Falling
OF in the Foreign frads-Deersass
in the Number Of Failures.

NEW YORK, July S.-R G. Dun & Co.
in their weekly review of trade say: The
business Of a broken week has been on the
whole encouraging. The prospects with
which the half year opens are generally
satisfactory, and yet financial Uncertain
ties are not entirely removed, and there
remain great speculative operations which
disturb and threaten. Crop prospects con-
tinue good, though reliable reports of in
jury from drought and bugs come
from western Nebraska. Southern
reports are uniformly favorable as
to cotton. Wheat has been in large de-
mand, the exports from Atlantic ports
having reached Is, 500, 900 bushels for five
weeks, but the supply carried over is
about rs was anticipated. California car
ries over about 8, 800, 900, with prices Sc
per cent. above the parity of Liyerpool-a
situation which may have significant con-
sequences-but holders talk of keeping
their stock through the year. At New
York, the great decline which followed the
June corner has invited Large export buy-
ing, and prices stiffen little.
THE IRON OUTLOOK.
The weekly output of iron from July LIST
was 10S, $50 tons, gain of ], l22 tons on
June, but many furnaces are still idle be-
cause of the unsettled coke workers strike,
and the output is about 2s, 600 tons less
than May 1st. The half years produc-
ton, 3, l57 ,2l7 tons, is about $40, 600 more
than that of last years first half. The
dealers talk of "a rise in prices for time,
though later in the year increasing pro-
duction may cause reaction"
The financial situation at New York
is better, because the Treasury disburse-
ments have exceeded receipts by nearly
SO, 900, 900 those of the past week. But,
in some Western and Southern points, es-
pecially where State sales and building
have been active, lightness of money ap-
pears. Thus money is ''close" at Nash
vile, "active at 7 to 8 per cent" at Cleye-
land, and interest is 10 per cent
at Omaha where building permits
for $4, 900, ,000O have been been ;ssued this
year Western cities have been paying
part OF heavy loans made TO meet emer-
gencies. After the wheat collapse here, a
feeling prevails that disturbance resulting
from great speculations may not be over,
and that the unsettled deals in railroad
and stock market need close watching.
After some recovery, stocks weIe weaker
on Wednesday and again on Friday. The
enormous investments in new buildings
throughout the country in manufactures
begin to be apprehended, and as to treas
ury accumulations this fall, Secretary
Fairchild is said to be increasingly anxious
to avoid bond purchases if possible.
FOREIGN TRADE DECREASING.
Foreign trade does not look more
healthy; for two weeks exports from New
York have fallen 10 per cent. below last
year, while imports still average about IS
per cent. larger than last year. The
wheat movement helps, and a little for
of refined sugar, but cotton is held too
high for export, though it has declined an
eighth. Interior reports are very tavora-
BILE for the season, though midsummer
prospects are not always reliable, and ex-
change continues large, but reflects past
rather than new trade. The settlement of
important labor troubles gives satisfaction,
hut rise in wages means larger cost of
production, with possible decrease in de-
mand.
While the situation is not free from
mensclng uncertain operations under the
Interstate law continue to lessen fears on
that account. Litigation under the act
multiplies every week, however, and must,
for time, involve doubt as to the value of
many properties.
The business failures during the past
seven days number for the United States
1876, Canada IL, total 154 against lSl last
week; and 179 for the corresponding week
last wear.